S&P Global (NYSE:SPGI) Price Target Raised to $608.00

S&P Global (NYSE:SPGI) had its price target upped by Evercore ISI from $599.00 to $608.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Evercore ISI’s price objective suggests a potential upside of 12.43% from the stock’s current price.

Several other analysts have also issued reports on the stock. Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. UBS Group upped their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. BMO Capital Markets lifted their price objective on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Stifel Nicolaus upped their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company decreased their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $585.23.

S&P Global Stock Up 4.9 %

S&P Global stock opened at $540.80 on Wednesday. The company has a market capitalization of $167.81 billion, a P/E ratio of 47.73, a P/E/G ratio of 2.39 and a beta of 1.20. S&P Global has a 1-year low of $407.69 and a 1-year high of $542.00. The firm’s fifty day simple moving average is $506.13 and its 200-day simple moving average is $506.36. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period in the prior year, the business posted $3.13 EPS. Sell-side analysts forecast that S&P Global will post 15.34 earnings per share for the current fiscal year.

Institutional Trading of S&P Global

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global during the 3rd quarter worth approximately $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global during the 3rd quarter worth about $29,000. Human Investing LLC bought a new stake in shares of S&P Global during the 4th quarter worth about $30,000. Capital Performance Advisors LLP acquired a new stake in S&P Global during the third quarter worth approximately $31,000. Finally, Noble Wealth Management PBC acquired a new position in shares of S&P Global in the fourth quarter valued at approximately $31,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.